Fidelity Investments, one of the world’s largest asset managers with $4.5T AUM, is entering the stablecoin arena—and all signs point to Ethereum (ETH) as the launchpad. This move could massively impact leading Ethereum ecosystem tokens like Lido DAO (LDO), the liquid staking protocol powering much of DeFi’s backbone.
Why Fidelity’s Stablecoin Move Matters Now
Fidelity is reportedly testing a USD-pegged stablecoin, intended to function as crypto-native cash. Developed by its internal digital asset team, the coin is expected to debut soon—positioning Fidelity alongside the giants:
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Tether ($USDT)
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Circle ($USDC)
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Ripple RLUSD
But unlike others, Fidelity is entering during a moment of regulatory momentum, not uncertainty.
Trump Administration Is Backing Stablecoins—Big Time
With President Trump actively pushing a pro-stablecoin agenda, Fidelity’s timing couldn’t be more calculated.
Treasury Secretary Scott Bessant recently stated:
“We’re going to keep the U.S. the dominant reserve currency in the world—and we will use stablecoins to do that.”
This is a green light for institutional crypto. We’re witnessing the beginning of a U.S.-led “Stablecoin Standard.”
Ethereum and LDO Are the Real Winners Here
Why does this matter for ETH and LDO?
Because Ethereum is where stablecoins live and scale—with its composability and DeFi infrastructure miles ahead of alternatives.
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$ETH is the settlement layer
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$LDO (Lido DAO) is the liquid staking protocol securing Ethereum while powering DeFi liquidity
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Other key players: $MKR, $AAVE, $CRV, $RPL, $PENDLE
A Fidelity stablecoin on Ethereum would supercharge on-chain liquidity, staking demand, and institutional DeFi flows.
This Isn’t a Beta Test—It’s a Trigger Event
Fidelity has already filed for a digital U.S. market fund, offers Bitcoin and Ethereum in retirement accounts, and is investing in crypto infrastructure. A native stablecoin would:
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Anchor capital inside the crypto economy
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Create Wall Street-compliant rails for institutional DeFi
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Further legitimize Ethereum’s role as global financial infrastructure
The Stablecoin Arms Race Has Begun
Fidelity isn’t alone—but it is early. As regulation opens doors, expect:
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Major asset managers to follow
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Banks to develop internal tokens
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Ethereum staking and L2 usage to surge
The biggest winner? Ethereum’s ecosystem, especially $ETH and protocols like $LDO that secure and scale it.
Fidelity is developing a USD stablecoin. Trump’s administration is backing stablecoins as tools for USD dominance. Ethereum is the likely launch platform, which could trigger a bull wave for $ETH, $LDO, and the entire DeFi ecosystem.